Updated Oct 28, 2024
MG Properties Acquires Multifamily Property In Rancho Cucamonga For $137.6M
7922 Day Creek Boulevard, Rancho Cucamonga, CA 91739
$137,600,000
$3,436/SF
Building Size
40,044 SF
Asset Type
MultiFamily
Closing
Jul 8, 2020
About this deal
AI
Mark Gleiberman and Chris Payne have sold a multifamily property located at 7922 Day Creek Blvd. in Rancho Cucamonga. The property, consisting of 319 units, was purchased by MG Properties for a total of $137,600,000. This translates to a per unit price of approximately $431,348.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $137,600,000
- Address: 7922 Day Creek Blvd.
- Market: Rancho Cucamonga
- Buyer: MG Properties
- Seller: Sares Regis Group
- Broker: Berkadia
- Units: 319
- Price per Unit: $431,348
Berkadia facilitated the transaction as the broker. The sale of this multifamily property was completed on July 8, 2021, making it a significant deal in the Rancho Cucamonga market.
Players
Rancho Cucamonga MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93